Category: Markets
Published: 2026-06-30T15:54:09.000Z
Bank of America maintains a Buy rating on Amazon (AMZN) with a $310 price target, noting strong June retail data from Prime Day and a 20% price hike on select AWS GPU workloads. While Prime Day's timing may create near-term noise for Q3 guidance, the long-term fundamentals are bolstered by customer shifts to everyday essentials and AWS's pricing power in AI-related workloads, with the recent price adjustment expected to add 1-2 percentage points to second-half AWS growth.
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